Marc Faber Warns : Money in Banks & Treasury Bills is NOT SAFE
Marc Faber : "There
is no safe haven. Bank deposits are not safe, which used to be safe.
Money in treasury bills is not 100% safe because there is inflation in
the system and you hardly get any interest. Bonds are not very safe
anymore because eventually interest rates will go up. Equities in the US
are relatively expensive by any valuation metrics you might use. I
don't see anything particularly safe. The best you can hope for is that
you have a diversified portfolio of different assets and that they don't
all collapse at the same time."
- in Bloomberg TV Click here to watch the full interview >>>>>
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.